NQ Daily time frame hit the bottom of the channel
The NQ daily time is in a down channel. The market
is just above a down Fibonacci extension price
point 12282.50. Once or if the down Fibonacci
extension is hit. The market could either A) push
bullish back towards resistance price point 14045.50
about +6,517 ticks above the market or B) break
support and continue to sell off.
It will be a good idea to wait for the market to
hit the down Fibonacci extension price point
12282.50 and then let the market give the
direction by either entering into the buy zone
or the sell zone. Once we have the zone, we
can create the next entry plan.
is just above a down Fibonacci extension price
point 12282.50. Once or if the down Fibonacci
extension is hit. The market could either A) push
bullish back towards resistance price point 14045.50
about +6,517 ticks above the market or B) break
support and continue to sell off.
It will be a good idea to wait for the market to
hit the down Fibonacci extension price point
12282.50 and then let the market give the
direction by either entering into the buy zone
or the sell zone. Once we have the zone, we
can create the next entry plan.
